1545 Palm Bay Rd
Melbourne, FL 32905 Melbourne

$3,082,065 USD

Restaurant For Sale • 5,564 SF

Property Details

Property Type Restaurant
Total Building Size 5,564 SF
Lot Size 1.04 AC
Building Class B
Year Built 1993
Tenancy Single
Zoning C1

30 Transit Score

50 Walk Score

                
                    Highlights
                
                                Applebee's has continuously operated at this location since 1993, demonstrating a long-term commitment to the trade area.
                            
                                The property is leased to Applebee's Restaurants Mid-Atlantic, LLC, a subsidiary of Dine Brands Global, Inc. (NYSE: DIN).
                            
                                Absolute NNN lease structure provides for no landlord operating responsibilities.
                            
                                Contractual 1% annual rent increases are included throughout the primary lease term and most renewal periods.
                            
                                The restaurant occupies a freestanding location with frontage along Palm Bay Road, a major commercial corridor.
                            
                                The site benefits from visibility to approximately 37,000 vehicles per day along Palm Bay Road.